SP3
Comes out of T/H today
Raise was at 36c for $2.8M - this is going to be a red hot play. The company doesn’t need the funds, they have $3.3M cash. This raise is to get the insto set who has been manipulating it IMO, and as they pointed out:-
“Accelerate development and commercialisation of the Remote Gas Detection Camera Technology”
They are rumoured to be partnering with a major O&G player for their leak detection technology
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Anything under 40c should get taken quickly as apparently raise was oversubscribed big time
I expect this will hammer now the market have it confirmed from the company the gas leak detection is a go !
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